Solar Water Desalination Plant Market Size

Solar Water Desalination Plant Market Size

Solar Water Desalination Plant Market was valued at USD 2.6 billion in 2023 and is anticipated to register a CAGR of 7.5% between 2024 and 2032, propelled by the combination of rising demand of freshwater due to rising global water scarcity. The growing demand for clean water in industries like agriculture, manufacturing, and textiles all depend on a constant supply of freshwater. Solar desalination offers a way to meet this demand in water-scarce regions.

The technological advancements in solar water desalination plants helps in growth of demand which are cost effective and more efficient. Technological advancements such as, improved membranes, easy construction designs and usage of less components has further increased their usage. Moreover, increasing focus on water conservation and sustainability has motivated consumers to adopt solar water desalination plants, as these devices often include features that encourage efficient water use, helping to conserve a vital resource while being cost effective.
 

Solar water desalination plants require high initial capital costs including the cost of solar panels, desalination equipment, and infrastructure development in comparison to other conventional water treatment options. According to International Renewable Energy Agency (IRENA), the capital cost of solar desalination plants can range from USD 1,000 - 5,000 for per cubic meter of water produced, depending on factors such as plant capacity, technology used, and site-specific conditions. These high upfront costs can pose a significant challenge to investment and limit the scalability of solar desalination projects.